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    15378 Washburn St Detroit, MI 48238

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    For Sale
    $120,000

    Well-maintained duplex in Detroit with reliable tenants and positive cashflow.

    Lot size:
    0.10 Acres

    Property Features for 15378 Washburn St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1927

    Source: Clyde Realty LLC Agent David Rabior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Duplex: Income-Producing Property

    This well-maintained duplex is located on Washburn Street in Detroit, Michigan. The property is an income-producing asset featuring two spacious units. Each unit contains two bedrooms. One unit is currently rented for $925 per month, while the other is rented for $850 per month. The property offers comfortable layouts with classic Detroit charm. Updated vinyl siding contributes to easy maintenance. The location is convenient to major roads, schools, and shopping. This property presents an opportunity for investors or those seeking a house hack.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.160491
    Latitude
    42.4038321

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Detroit with reliable tenants and positive cashflow.
    Where is this duplex located?
    The property is located at 15378 Washburn St Detroit, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Income-producing duplex with reliable tenants; - Positive cash flow with current rents of $925 and $850 per month; - Updated vinyl siding for low maintenance
    (586) 260-4346
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    15378 Washburn St Detroit, MI 48238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15378 Washburn St Detroit, MI 48238
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